ANALYSIS
NQ100 Finds Support from PPIApr 14
Euro Cannot Find Demand Against Dollar Due to Recession Worries
Messages from influential figures of the US Federal Reserve (FED), suggesting that a 75 basis point interest rate hike is still being considered, despite the declining inflation from the 41-year peak, increased the pressure of the dollar on the currencies of developed countries again. On the other hand, the increasing concerns about the recession in the European economy are weighing on the euro. Under this outlook, we will closely monitor the 1.0050 support if the pair, which erased its 2-week gains, stretches below the critical 1.0100 support. In possible trials in favor of the euro, the range of 1.0180 - 1.0230 will be a strong resistance zone in our follow-up.
